Im sorry for venting, but as an Expat, Im feeling financially pressured in Denmark.
I have accepted a job offer Denmark and I have just realized that I may not save as much money as I though I would. I have a pay limit visa, meaning that its supposed that I would be making a decent salary, but...
47% A-tax on my incone
50% tax on my pension scheme
8% tax of labor market
20% of salary goes to my landlord , rent for expats are more expensive
25% of vat for every product that I acquire
As far as I have been realizing, the "lonely" tax here is very high as well.
I dont study, dont use the public healthcare, dont have kids, dont use public transportation and I wont retire here. Im basically a very lucrative person to the Danish Treasure.
How does a person saves money in Denmark ? Is this the reality of expats, singles and middle class?
Dont get me wrong. This is a dream of a country, but for someone who is not a citzen and intend to go back home one day, life is a little bit difficult...
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The original was posted on /r/denmark by /u/SadBoy-86 at 2024-03-24 16:37:47+00:00.
de_matkalainen at 2024-03-24 16:45:39+00:00 ID:
kwd13f7The taxes are high but so are salaries. If you are taxed 47% + the labor tax of 8% that means you're gonna make a lot of money. 20% of salary on rent is also very reasonable, especially in Copenhagen. Most people I know at least spend 30%. If you want to live cheap, just move out of the city. I live far away from the city and just take the train everyday. It's a choice.
I'm not sure what it has to do with anything that you won't use a lot of social services. The entire reason that it works is because most people don't take more than they give. Also, you could get unlucky and need treatment or you could get someone pregnant/become pregnant. You never know.